Globpulse , Your Trusted Partner for Trade Finance Solutions

Globpulse is a leading provider of comprehensive trade finance solutions, offering a wide range of financial instruments to support your international trade transactions. Our expertise and commitment to understanding your specific needs ensure that you receive the most suitable solutions for your business, whether you're involved in imports, exports, or local projects.

Our Trade Finance Services :-

Documentary Letter of Credit (DLC)

A documentary letter of credit serves as a guarantee, providing the beneficiary with assurance of payment according to the terms outlined in the document provided by a bank, ensuring that payment will be made to the seller once specific conditions are met, particularly the presentation of required documents. It is widely used in international trade where buyers and sellers may be unfamiliar with each other and operate from different countries, reducing the risk of non-payment.

DLCs are especially useful for businesses that need to secure credit to fund short-term projects. The payment is assured by the issuing bank as long as the delivery terms are fulfilled by the seller. DLCs adhere to the standardized UCP 600 rules, ensuring a secure framework for international trade. Under these rules, the issuing bank’s credit replaces that of the buyer, offering the seller a secure assurance of payment.

DLC Issuers

Licensed Banks with A,B,B / A / BBB/ B/ Ratings

DLC Issuance Procedure

To issue a DLC, the following steps are involved:

  • Completed application form
  • Pro-forma invoice or SBLC verbiage
  • Company trade license
  • Shareholders list
  • Passport copy of main applicant
  • Last 3 years' audited balance sheet
  • Last 6 months' bank statements

Once the documents are submitted, the issuing bank will draft the DLC. The draft is then reviewed by all relevant parties, and any necessary amendments can be requested.

After the draft is reviewed and all parties agree to its terms, the applicant approves it by signing and stamping the document before sending it back to the bank.

Upon receiving the invoice for the DLC, the applicant makes the necessary payment to the issuing bank.

After the payment is made, the bank issues the DLC, and a copy is sent to the applicant via email for record-keeping.

Note: The charges associated with the issuance of a Documentary Letter of Credit shall be determined at the discretion of the issuing bank and may be subject to fluctuations based on the underlying transaction's value, tenor, and the prevailing market rates.

Standby Letter of Credit (SBLC)

A Standby Letter of Credit (SBLC) is a financial instrument that serves as a safety net, guaranteeing payment to a beneficiary in the event of the applicant's default. Initially introduced due to regulatory constraints, SBLCs have become a widely used tool in international trade. They offer a valuable layer of protection for both parties involved in a transaction, ensuring that the beneficiary receives payment even if the applicant fails to fulfill their obligations.

The flexibility of SBLCs makes them a valuable tool in a variety of business scenarios, though they can be complex. Therefore, expert advice is recommended when dealing with SBLCs to ensure compliance with terms and procedures.

  • Direct-pay standby: Guarantees direct payment in case of default.
  • Performance standby: Ensures a project's completion or contract fulfillment.
  • Bid-bond/tender-bond standby: Protects against default in bidding processes.
  • Advance-payment standby: Guarantees repayment of advance payments if terms aren't met.
  • Financial standby: Ensures payment of financial obligations.

Licensed Banks with A,B,B / A / BBB/ B/ Ratings

SBLC Issuance Procedure

Issuing an SBLC follows a structured process:

  • Completed application form
  • SBLC verbiage or pro-forma invoice
  • Company trade license
  • Shareholders list
  • Passport copy of main applicant
  • Last 3 years' audited balance sheet
  • Last 6 months' bank statements

After submitting the documents, the bank drafts the SBLC. The draft should be reviewed thoroughly by all relevant parties, and amendments can be requested if necessary.

Once the draft is finalized, the applicant signs and stamps the document, returning it to the bank.

The applicant makes the required payment after receiving the invoice for the SBLC.

The bank issues the SBLC, and a copy is sent to the applicant via email for their records.

Note: The fees for a Standby Letter of Credit are negotiable and will be calculated based on factors such as the amount of the credit, the time period for which it is valid, and the specific terms and conditions imposed by the issuing bank

Bank Guarantees (BG)

A bank guarantee is a formal commitment issued by a bank to fulfill the obligations of a debtor in the event of their default. This assurance provides security and protection to the beneficiary, ensuring that payments or contractual obligations are met.

The two primary forms of bank guarantees are :

  • Direct Guarantee : Issued directly by a bank at the request of its account holder in favor of a designated beneficiary.
  • Indirect Guarantee: Issued by a second bank based on an existing guarantee. If the second bank incurs losses due to a claim,
    the original issuing bank is responsible for compensating those losses.

Bank guarantees offer several benefits to the beneficiary, including :

  • Security and Protection :Guarantees provide assurance that contractual obligations will be fulfilled, even if the primary debtor defaults.
  • Enhanced Credibility :Having a bank guarantee in place can bolster a client's reputation and credibility, making it easier to secure new business and partnerships.
  • Improved Cash Flow :Guarantees can help clients manage cash flow by allowing them to defer payments or secure larger contracts.
  • Risk Mitigation :By transferring the risk of non-payment to the bank, guarantees can help clients mitigate financial losses.

Types of Bank Guarantees

Protects the bid amount in tenders, preventing frivolous bidders.

Ensures project completion as per the contract, covering up to 100% of the contract value.

Guarantees the return of advance payments if the seller fails to meet contract terms.

Covers repair or replacement costs for defects discovered during the warranty period.

Ensures that contractual provisions are met, or financial compensation is made.

Protects the supplier in case the buyer fails to pay for goods or services.

Ensures landlords receive payments if tenants default.

An irrevocable guarantee to pay upon successful project completion.

BG Issuers

Licensed Banks with A,B,B / A / BBB/ B/ Ratings

BG Issuance Procedure

  • Completed application form
  • Pro-forma invoice or SBLC verbiage
  • Company trade license
  • Shareholders list
  • Passport copy of main applicant
  • Last 3 years' audited balance sheet
  • Last 6 months' bank statements

The issuing bank drafts the BG, which is reviewed by relevant parties. Amendments can be requested if needed.

Once finalized, the applicant approves the document by signing and stamping it.

Upon receiving the invoice, the applicant makes the necessary payment to the bank.

After payment, the bank issues the BG and sends a copy via email for record-keeping.

Note: The fees associated with the issuance of a Bank Guarantee shall be determined at the discretion of the issuing bank and may be subject to fluctuations based on the underlying transaction's value, tenor, and the prevailing market rates

Pre Advice Messages: RWA / POF / BCL

A Ready, Willing, and Able (RWA) document is a formal assurance issued by a bank or financial institution that confirms a client’s financial and legal capability to enter into a financial transaction. This letter signifies both the client’s intent and readiness to proceed with the deal. Often referred to as a Bank Comfort Letter (BCL), the RWA demonstrates the client’s credibility and commitment.

Proof of Funds (POF) is a document, such as a bank statement, confirming that an individual or company has the necessary financial resources to complete a transaction. It is commonly used in high-value transactions, such as real estate or mergers, to verify that the funds are available and legitimate. POF is crucial in ensuring transparency and preventing fraudulent activities.

A Bank Confirmation Letter (BCL) is issued by a bank to verify a loan or line of credit extended to a borrower. It provides assurance to third parties that the borrower has the necessary financial backing to fulfill the obligations of a specified transaction. A BCL gives confidence to involved parties, ensuring that the borrower can meet their commitments.

Issuance Procedure

To issue an RWA, POF, or BCL, the following process is generally followed:

  • Documents Required:
  • Completed application form
  • Verbiage for SBLC, BG, or Pro-Forma Invoice for DLC
  • Company trade license
  • Shareholders list
  • Passport copy of the main applicant
  • Last three years' audited balance sheets
  • Last six months' bank statements
Step-by-Step Process
  1. Document Submission: Submit the required documents to draft the RWA, POF, or BCL.
  2. Review and Amendments: The draft is reviewed by relevant parties, with any requested amendments made.
  3. Approval: The finalized draft is approved by signing and stamping the document.
  4. Payment: Once the invoice is raised, the payment is made.
  5. Issuance: After payment is confirmed, the bank issues the document, and a copy is emailed for records.

Note: Charges for issuance vary based on the value, tenure, and issuing institution involved.

Factoring Services

We specialize in international export factoring, offering solutions that eliminate trade risks, improve cash flow, and streamline collections. By using your international receivables, you can access immediate funding to fuel your business growth and operations.

  • Certificate of Incorporation
  • Memorandum/Articles of Association & Board Resolution
  • Latest Extract
  • Passports of all directors and shareholders
  • Address proof for shareholders, directors, and company
  • Tax Certificate
  • Passport-sized photos of authorized signatories
  • Company Profile
  • Audited financials for the last 2 years
  • Recent credit report of the company and signatories
  • Buyer’s list (template provided)
  • Last 6-12 months’ bank statements
  • Proforma Invoice/Agreement

  1. Seller sends invoice and bill of lading copy to the lender, copying the client.
  2. Invoice includes the lender's account details, with a separate invoice for transfer.
  3. Buyer endorses the invoice and pays factoring charges to the lender.
  4. Lender instructs the seller to send the bill of lading to the buyer after endorsement.
  5. Lender disburses funds to the seller once the tracking number is received.
  6. Buyer pays the lender the shipment value on the repayment date.

At Globpulse, we offer customized documentary collection services, a trade finance solution where payment is made to an exporter once the necessary documents are exchanged between the banks of both parties. The exporter’s bank collects payment from the importer’s bank in exchange for releasing the documents needed to claim the goods. This ensures smooth, secure international transactions.

Types of Documentary Collection:
  • Import Collection: The collecting bank manages the importer’s funds.
  • Export Collection: The presenting bank handles documents for the exporter.

Our services are tailored to meet the unique needs of clients globally.

Process Flow as Collecting Institution:

  • 1. Company onboarding.
  • 2. RWA sent via SWIFT or written confirmation.
  • 3. Documents arrive at the issuer’s counters.
  • 4. Email client with document scans for confirmation.
  • 5. Once the signed bill of exchange is received, documents are released to the buyer.
  • 6. Payments are collected on maturity and settled with the presenting bank.
Process Flow as Presenting Institution:
  • 1. Client onboarding.
  • 2. Receive confirmation via email or SWIFT from the collecting bank.
  • 3. Send required documents to the collecting bank via courier.
  • 4. Handle payments per client instructions.
  • 5. Follow up for payment clearance on maturity, then transfer the funds to the client.

To explore how our documentary collection services can benefit your business, please reach out to our trade finance experts.

Our Approach

Globpulse has cultivated strategic alliances with prominent international trade financing organizations, empowering us to deliver exceptional support to our clientele. We specialize in serving trading companies and importers who aspire to enhance their liquidity and circumvent the intricacies and bureaucratic procedures often encountered with conventional trade finance providers.

Why Choose Globpulse?

Tailored Solutions

Our team of experts works closely with you to understand your unique business requirements and provide customized solutions.

Deep Industry Knowledge

Our extensive experience in trade finance ensures that we deliver efficient and effective services.

Strong Partnerships

Our collaborations with leading international trade financing agencies allow us to offer a wider range of options and competitive rates.

Customer Focus

We prioritize your needs and strive to provide exceptional service throughout the entire trade finance process.

T H E P U L S E O F G L O B A L T R A D E